It revealed that things the rich spend their dosh on—such as private health care, school fees, wine and holidays—are getting more expensive.

And as if this “bleak picture” isn’t bad enough, the Telegraph explained how rich people will struggle to survive on their pension too.

It detailed how a £100,000 a year pension could drop to “only £40,405” because of overspending and inflation.

Capitalism fails 'a great many people' shock

The world’s third richest man saw fit to advise us on why poverty exists last week.

Warren Buffett, writing in the Wall Street Journal, said it wasn’t the fault of the rich.

Rather cash has gone to people with “specialised talents” faster than to those with “commonplace skills”.

He didn’t specify what “specialised talents” rich scroungers have.

But as he put it, “The brutal truth is that an advanced economic system will leave a great many people behind.”

Perhaps it’s time for a different system.

How will the rich make the most of their growing wealth?

The Financial Times’ How to Spend It suggests a Parmigiani Fleurier watch for £20,000.

Or you could snap up a Brough Superior motorbike for £43,000.

Snog-gate shows Tory weakness

For all the government’s bluster it seems the Tory election victory was unexpected—even among senior Tories.

Chancellor George Osborne thought a Tory majority so unlikely that he bet Tory lobbyist and adviser Lynton Crosby a french kiss if they won one.

Apparently the snog took place the day after the election.

Crosby whined in the Sunday Times, “His aftershave still haunts me.

“Fortunately tongues remained withdrawn.”

Ukip candidate heads to the BNP

A Ukip candidate who stood in the general election has joined the Nazi British National Party after being kicked out of Ukip.

Jack Sen, who stood in West Lancashire, also said he admired former British Union of Fascists leader Oswald Mosley.

Sen said national socialism had “got some things right”.

SNP loves up to business

The Scottish National Party (SNP) used a golf tournament to court business figures and the rich.

The Scottish government got 7,000 tickets for last year’s Ryder Cup and said they would go to “inspirational Scots”.

In fact a quarter of them went to “influential” people in business and politics.

Know your enemy

No. 93

Members of Parliament

Money-grabbers

MPs are set to finally bag their 10 percent pay rise this summer

Their salaries will rise by £7,000 to £74,000 a year

David Cameron is reportedly “fiercely opposed” to the increase

But, sadly, he is said to be “all but resigned” to it

Toff of the week

Lord Hanningfield

Convicted fraudster and leeching Lord

He had claimed £300 daily attendance expenses despite attending the House of Lords for just minutes

He said he needed the cash to hire someone to look after his hens

Hanningfield was suspended from the House last year

Now he’s back as the suspension has expired

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